Research houses Morningstar and Lonsec have warned investors and advisers to avoid investing in complicated, opaque capital-protected products, following the Australian Securities and Investments Commission’s crack-down earlier this week on the mis-selling of products by investment banks Credit Suisse and UBS, and fund manager Instreet Investment. Morningstar co-head of fund research, Tim Murphy, said since […]

Ray McGregor, Credit Suisse’s new managing director and head of private banking Australia, is no stranger to the industry, having spent several years developing sophisticated solutions for ultra-high-net-worth (UHNW) clients. Nonetheless, he faces a significant challenge in growing the business at a time of economic instability and bearish investor sentiment. Although the history of the […]

As Australia’s wealth expands, Credit Suisse plans to be at the forefront of the growing prosperity by opening an on shore private bank. The global bank’s new operation is viewed as a key augmentation to Credit Suisse’s current investment bank and asset management arms, according to Shane Galligan, the bank’s head of investment products and […]